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Sep 27, 2012
09/12
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CNBC
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sound like our government, right? details of this rather distu disturbing story. which group is the biggest offender? you'll find out. stay tunes. at optionsxpress we're all about options trading. we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? open an account today and get a free 13-month e ibd™ subscription when you call 1-888-280-0149 now. optionsxpress by charles schwab. . >>> all right. listen up, single guys. you can become an instant multimillionaire without winning the lottery. a hong kong billionaire can help you do it. all you have to do is marry his daughter. but there's only one tiny catch. robert frank explains why this may be a tough deal to get done. robert. >> thanks, maria. i love this story. a hong kong billionaire is offering $65 million to any man able to marry his daughter. now, in most ways,
sound like our government, right? details of this rather distu disturbing story. which group is the biggest offender? you'll find out. stay tunes. at optionsxpress we're all about options trading. we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we?...
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Sep 26, 2012
09/12
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CNBC
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eye 85
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long dated government bonds are being bought big time. the ten-year yield has now fallen eight straight sessions. last time that happened was in january of 2008. it smells a bit of fear. here's what's going on. stocks are telling a different story. stocks and bonds generally go in different directions. but the blue line is the s&p 500. we have been up, down, up again. the light green -- yellow, seahawks green, whatever you want to call it -- is the price of the ten-year fretreasury not. at the start of the year the two were going in opposite directions as we usually see. we had flare-ups. they started to converge, come back. we did what we normally do, diverged again. look at the far right, they are coming back together. people get scared, sell stocks and buy bonds. is that what's going on here? let's get rick santelli's take on it. rick? >> i think you nailed it. i think there is a bit of a water balloon metaphor or analogy to this as well. the federal reserve has a giant water balloon and they are trying to manage it. that represents al
long dated government bonds are being bought big time. the ten-year yield has now fallen eight straight sessions. last time that happened was in january of 2008. it smells a bit of fear. here's what's going on. stocks are telling a different story. stocks and bonds generally go in different directions. but the blue line is the s&p 500. we have been up, down, up again. the light green -- yellow, seahawks green, whatever you want to call it -- is the price of the ten-year fretreasury not. at...
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Oct 1, 2012
10/12
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WUSA
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pelley: good evening, and we could add happy new year, because this is the first day of the federal government's new fiscal year. but there's not much to celebrate because the nation is headed toward what's being called the fiscal cliff and there are dire new warnings today about what will happen to american families unless congress and the president reach a budget deal by december 31. that is the day that a series of tax cuts will expire and big cuts in federal spend will take hold. tax experts said today 90% of american families are facing what they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. wyat >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and will hit americans at every income level, including those living below the poverty line. for a middle-income family making $40,000 a
pelley: good evening, and we could add happy new year, because this is the first day of the federal government's new fiscal year. but there's not much to celebrate because the nation is headed toward what's being called the fiscal cliff and there are dire new warnings today about what will happen to american families unless congress and the president reach a budget deal by december 31. that is the day that a series of tax cuts will expire and big cuts in federal spend will take hold. tax...
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Sep 28, 2012
09/12
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CSPAN
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i don't think the government will fix health care. they have tried. they are not in a good position. patients can fix health care. they can be empowered based on who performs best. it is the hospitals. hospitals measure their performance and we can make that information public. host: the 25% figure -- is that pretty well accepted, the rate of malpractice or mistakes? guest: i was in denial and angry when i first heard these numbers. i am proud of being a doctor. some studies show is as high as one in three patients. the more we study, the bigger we find the problem to be. think there should be at the mitigation of lawsuits? guest: they are expected complications and part of the procedure consent forms. they occur too frequently. things like people not being told all their options. we need some common-sense malpractice reform for these frivolous claims. 20% to 30% of everything we do are unnecessary -- medications, procedures, taests. 15% of heart stents. these are major studies coming from doctors in those specialties. he should think twice and had a
i don't think the government will fix health care. they have tried. they are not in a good position. patients can fix health care. they can be empowered based on who performs best. it is the hospitals. hospitals measure their performance and we can make that information public. host: the 25% figure -- is that pretty well accepted, the rate of malpractice or mistakes? guest: i was in denial and angry when i first heard these numbers. i am proud of being a doctor. some studies show is as high as...
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Oct 1, 2012
10/12
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CNBC
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the january p sneeze government does not want this to grow out of control, nor does the chinese government. tension certainly is rising and the man on the street is feeling passion about this issue. that's understandable. in the medium to long term, both governments want this to tone down and it will. >> let's hope that pans out. meanwhile all this cash that companies have, you were just talking about this, do you expect cap ex to continue to pick about up? >> i do. there's an awful lot of money sitting on the seed lines us a was noted back in an article back in july/august. almost 44% of the total value is held at cash in company coffers. this money needs to get spent. needs to get spent expenditures, hiring new staff. sitting in the bank is not helping anybody. >> who is spending shall steel makers, equipment makers more gloom about business conditions, sentiment deteriorating sharply. they expect domestic demand to falter, as well. in that mood, they won't be spending anymore money, are they? >> well, again, as the survey had indicated, some of the larger manufacturers are amongst the m
the january p sneeze government does not want this to grow out of control, nor does the chinese government. tension certainly is rising and the man on the street is feeling passion about this issue. that's understandable. in the medium to long term, both governments want this to tone down and it will. >> let's hope that pans out. meanwhile all this cash that companies have, you were just talking about this, do you expect cap ex to continue to pick about up? >> i do. there's an awful...
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Oct 2, 2012
10/12
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KTVU
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workers are protesting the government's austerity measures. government officials submitted a draft of the 2013 budget yesterday that calls for a new wave of deep cuts which will save $10 billion next year. workers will protest proposed cuts to salaries, pensions and other benefits. last week, 50,000 people in athens demonstrated against austerity. wages in china are going up - by some estimates, about 17% a year. it is providing china's growing middle class with more money to buy goods, though inflation is not helping. but it may also drive up the cost of making some of those products there, as well. in our cover story, who gains as china's employee base moves up? despite china's present economic slowdown, the story of its workforce recently has been of migration from farm to factory. 25 million made the move in 1990. last year, that figure grew to 158 million. it has increased china's productivity and competitiveness. but lately, that workforce is demanding more. "they increasingly learn that there's a big gap in what they earn and some other
workers are protesting the government's austerity measures. government officials submitted a draft of the 2013 budget yesterday that calls for a new wave of deep cuts which will save $10 billion next year. workers will protest proposed cuts to salaries, pensions and other benefits. last week, 50,000 people in athens demonstrated against austerity. wages in china are going up - by some estimates, about 17% a year. it is providing china's growing middle class with more money to buy goods, though...
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Sep 27, 2012
09/12
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CNBC
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no, it's not our government doing it. it's us. who's to blame for the shocking number of americans spending twice their annual income? that's next. stay with us. for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ male announcer ] introducing a reason to look twice. the entirely new lexus es and the first-ever es hybrid. this is the pursuit of perfection. >>> even in this new era of households, america's lowest earner
no, it's not our government doing it. it's us. who's to blame for the shocking number of americans spending twice their annual income? that's next. stay with us. for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. if we want to...
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Sep 26, 2012
09/12
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CNBC
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government. one day after the u.s. said it had complied with the wto requirement, eu officials rejected the claim and said they would appeal again to the trade organization. this marks the latest chapter in an ongoing battle with the u.s. also pursuing the eu over air bus subsidies. >>> in japan, they have chosen a nationalist talk to lead it into upcoming elections. if former prime minister won the leadership in a second round lineup. he had been the most vocal candidate in calling for a harder start against beijing in ongoing territorial disputes. he's also pushed bank of japan to take more action on the economy. >>> continued anti-japanese tension in china is forcing japan's top auto makers to put the brakes on production. here is the story live from tokyo. >> reporter: the decision comes as growing anti-japan sentiments slow sales of japanese cars in the mainland. toyota's original plan was to shut down its main plant for national holidays starting sunday, but the auto maker has decided to sloez the plant four days
government. one day after the u.s. said it had complied with the wto requirement, eu officials rejected the claim and said they would appeal again to the trade organization. this marks the latest chapter in an ongoing battle with the u.s. also pursuing the eu over air bus subsidies. >>> in japan, they have chosen a nationalist talk to lead it into upcoming elections. if former prime minister won the leadership in a second round lineup. he had been the most vocal candidate in calling...
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Oct 3, 2012
10/12
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CNBC
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she says the iranian government is to blame for the currency crash in that country. she is likely referring to the government's nuclear weapons program that has brought on harsh international sanctions. as mandy and michelle talked about, the iranian currency has absolutely collapsed and the situation getting more desperate in tehran. >>> well, here we are less than seven hours away from president obama and mitt romney squaring off in the first of three presidential debates. there's been a lot of talk that the market is already pricing in an obama re-election. in fact, in trade showing betters placing a 70% chance on an obama re-election. but some new polls suggest romney is closing the gap. so what happens to the markets and your money if mitt romney pulls ahead or wins? joining us, art, is a romney win bad for stocks? art, we're going to get your mike running. is a romney win bad for stocks? >> i think a romney win is great for stocks. at least the psychology will be two things. first, first cal conservati first, fiscal conservative coming in 2013 to help with grow
she says the iranian government is to blame for the currency crash in that country. she is likely referring to the government's nuclear weapons program that has brought on harsh international sanctions. as mandy and michelle talked about, the iranian currency has absolutely collapsed and the situation getting more desperate in tehran. >>> well, here we are less than seven hours away from president obama and mitt romney squaring off in the first of three presidential debates. there's...
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Oct 3, 2012
10/12
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KNTV
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thumb, you can expect the labor department will say less than 160,000 because they've got to take in government jobs as well. lately, that's been a subtraction. back to you. >>> is it going to start to feel like october? let's talk about that. >> it's going to feel like december, yeah. after it felt like -- we've been calling it "augtober." feeling more like august than october. highs yesterday, whoo, they were so warm. 107 in gilroy. current temperatures now, it is crisp out there at 6:19 in the morning. 62 degrees up in santa rosa. we head throughout the day today. we will see a return of the marine layer. cloud, yeah, the low clouds that have been missing for the past 72 hours, they return. as a result, your temperatures drop like a rock. so, what's ushering in that flow? we've got an area of high pressure which will bring about major changes. low pressure system arrivings. best chance for that will be in the north bay over the course of sunday into monday. winds will shift out of the west. that will bring about a 20 to 25 degree drop. your temperatures return. the patchy fog, the drizzle, i
thumb, you can expect the labor department will say less than 160,000 because they've got to take in government jobs as well. lately, that's been a subtraction. back to you. >>> is it going to start to feel like october? let's talk about that. >> it's going to feel like december, yeah. after it felt like -- we've been calling it "augtober." feeling more like august than october. highs yesterday, whoo, they were so warm. 107 in gilroy. current temperatures now, it is...
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Sep 27, 2012
09/12
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CNBC
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to backstop the government with potentially buying of its bonds. herein lies the problem. this is a country that has tried austerity. it's not like greece that's been dragging its feet. lehoy has enacted over 60 billion euros' worth of reforms, over 2 1/2 years to 2014. and the problem is, those reforms are making things worse. it's that whole contradiction is austerity driving growth out of the country, or actually is it creating conditions for investors to get more confidence? and then you get the protests from the people on the street. i'm actually standing on the exact point just outside where parliament is barricaded. you can see behind me just right at that point where over the last two nights, we've seen police charges, plastic bullets being fired as well, protesters getting violent because they're getting very frustrated about the really tough economic conditions which they don't see anything getting better. but i do want to leave this here on a very positive note. and there is one positive thing going on. and that is exports, and that is c
to backstop the government with potentially buying of its bonds. herein lies the problem. this is a country that has tried austerity. it's not like greece that's been dragging its feet. lehoy has enacted over 60 billion euros' worth of reforms, over 2 1/2 years to 2014. and the problem is, those reforms are making things worse. it's that whole contradiction is austerity driving growth out of the country, or actually is it creating conditions for investors to get more confidence? and then you...
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Sep 27, 2012
09/12
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CNBC
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government waste gone wild. the shocking story that has all of us here shaking our heads today. >> indeed. and how the lands down under just got a whole lot richer. why am i not there? "street signs" is back after this quick break. >>> here's today's "return on retirement." middle-class americans are dealing with some serious woes. their net worth has fallen, wiping out two decades of growth. in a recent survey, 85% of middle class adults said it is harder to maintain their lifestyle today than a decade ago. so how do they feel about retirement? the results when we return. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we beli
government waste gone wild. the shocking story that has all of us here shaking our heads today. >> indeed. and how the lands down under just got a whole lot richer. why am i not there? "street signs" is back after this quick break. >>> here's today's "return on retirement." middle-class americans are dealing with some serious woes. their net worth has fallen, wiping out two decades of growth. in a recent survey, 85% of middle class adults said it is harder to...
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Sep 27, 2012
09/12
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CNBC
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we have a bind for the government. you've got a recession already, you've got 25% unemployment, you've got a housing crisis which means prices have fallen at least 25% and could fall again. the remedy for the markets is to have more austerity. it's what they have to do to gain the confidence of the markets, to gain the confidence of northern european markets and paymasters, i.e., the germans so they can get the bailout if and when they ask for it on a sovereignty basis. they're trying to preempt conditionality by having extreme austerity. we're talking about possibly getting cuts as much as 30% in agriculture, public works and infrastructure. across the board, and there are real concerns that far from being the remedy this could entrench the recession and make it harder for this country to pull itself out of the mire because there are a lot of things that government doesn't control. it doesn't control the regional budgets of places such as a andalucia and catalonia and the other. of course we had a banking sector crisi
we have a bind for the government. you've got a recession already, you've got 25% unemployment, you've got a housing crisis which means prices have fallen at least 25% and could fall again. the remedy for the markets is to have more austerity. it's what they have to do to gain the confidence of the markets, to gain the confidence of northern european markets and paymasters, i.e., the germans so they can get the bailout if and when they ask for it on a sovereignty basis. they're trying to...
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128
Sep 29, 2012
09/12
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CSPAN2
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eye 128
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phase a was to have a government, create a government between the party in power and theok opposition 50/50. we created also that the prime minister from the opposition, and after that, will go to early elections within the frame of 90 days. of course we held that election in exceptionally difficult situations. it was divided in three zones. as the firing was continue day and night and roads cut off and the oil was scarce, hospitals were not functioning because they need the oil -- electricity and then we use the reserve generators and we didn't have any diesel to have a power generators and there are big number of people who passed away, who died, especially those who are suffering from chronicle disease, kidneys or during surgeries. the situation was very complicated, but 95% of the yemen was against going into civil war. therefore, we held elections in difficult circumstances. people will go to the ballot boxes between the barrage and the fire. they don't -- they don't go to cast their votes for anything just they will go so yemen won't go into civil war, and we know full well if y
phase a was to have a government, create a government between the party in power and theok opposition 50/50. we created also that the prime minister from the opposition, and after that, will go to early elections within the frame of 90 days. of course we held that election in exceptionally difficult situations. it was divided in three zones. as the firing was continue day and night and roads cut off and the oil was scarce, hospitals were not functioning because they need the oil -- electricity...
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Oct 2, 2012
10/12
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WUSA
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will the spanish government have to be bailed out. >> the spanish government is taking very, very courageous measures. whether you look at bank restructuring, whether you look at structural reforms to make to make the spanish economy agile, flexible, able to capture growth, to help people create jobs. they're also taking some fiscal measures in order to reduce their deficit so all of that is hard. but it's courageous. and it needs to be supported. >> pelley: christine lagarde, managing director of the international monetary fund. late today secretary of state hillary clinton said she put together a commission to investigate the attack on the u.s. consulate in benghazi, libya. it will be led by the former head of the joint chiefs of staff, admiral mike mullen and former u.s. ambassador thomas pickerring. they will look at security and how four americans, including ambassador chris stevens, were killed in an attack on the anniversary of september 11. american airlines discovers why some of its seats came loose. u.s. soldiers are on the lookout for afghan allies who may be enemies. and why half
will the spanish government have to be bailed out. >> the spanish government is taking very, very courageous measures. whether you look at bank restructuring, whether you look at structural reforms to make to make the spanish economy agile, flexible, able to capture growth, to help people create jobs. they're also taking some fiscal measures in order to reduce their deficit so all of that is hard. but it's courageous. and it needs to be supported. >> pelley: christine lagarde,...
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Oct 1, 2012
10/12
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CNBC
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there are geopolitical problems, problems in congress, problems with tax code, the problems in our government, the administration. also, listen, bernanke said -- >> maria, the fact that everyone's saying -- >> we didn't see 2008 coming either. >> the fact that everyone is saying qe is not having any effect means that they really are missing the boat. there was $3 trillion worth of corporate issuance in the year to date so far. $1 trillion worth of bonds were sold by corporations. that reduces, obviously, betters their balance sheets, reduces their rates so for the next ten years these corporations are going to be having the benefit of cheap money. 150 or 100 basis points over treasuries to issue cash, that's a great deal. using that money to buy back stock, using that money to pay dividends. tom lee had a great piece that said the outstanding shares of the new york stock exchange are as low as they have been in 1990. what's happening is you have a run-up to qe. the market anticipates that so of course the response is going to be muted to the qe. subsequent months later we then see the market
there are geopolitical problems, problems in congress, problems with tax code, the problems in our government, the administration. also, listen, bernanke said -- >> maria, the fact that everyone's saying -- >> we didn't see 2008 coming either. >> the fact that everyone is saying qe is not having any effect means that they really are missing the boat. there was $3 trillion worth of corporate issuance in the year to date so far. $1 trillion worth of bonds were sold by...
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335
Sep 28, 2012
09/12
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CNBC
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right now it's looking like 2 million in total nationwide, including government employees, from some reports. that number may be a bit inflated. the reports are coming from industry. we question whether or not there's a bias to those reports. >> the timing -- you're item id -- itemizing. this is before congress goes back to work to fix this crisis. is it possible notices go out when they do just to highlight what could happen as a scare tactic to get congress back to work? >> congress is already on a recess. they're on a recess all the way through the elections. actually, the government employee union has a 90-day notice policy, which would actually go out at the beginning of october. so the dates are kind of insignificant at this point. we're looking more at the nominal dollar effect, the total addressable market shrink for the defense market. it's going to be quite significant. >> i look at it the other way, actually. initially, i thought they had to tell employees by october 1st. so if it was october 1st, by the time the election came around, it would be out there. you can hide it
right now it's looking like 2 million in total nationwide, including government employees, from some reports. that number may be a bit inflated. the reports are coming from industry. we question whether or not there's a bias to those reports. >> the timing -- you're item id -- itemizing. this is before congress goes back to work to fix this crisis. is it possible notices go out when they do just to highlight what could happen as a scare tactic to get congress back to work? >>...
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120
Oct 2, 2012
10/12
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KCSMMHZ
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eye 120
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. >> barkeepers in prague are protesting against the government ban. they can no longer sell expensive drinks to tourists -- only beer and wine. no one is happy. >> czechs are angry, really mad. drinking spirits is a national pastime. what do you expect. >> but over 20 people have died. the government had to do something. >> everybody suffers just because a couple of people made a mistake. one person sold a bad batch of spirits, and now 10 million people have to suffer. >> the government is introducing new requirements for seals and proofs of origin. only bottles with approve labels will be allowed for sale and export, but many think moonshiner's will just take the new labels, and the new rules come too late for vladimir. doctors say he will never see again. >> spain's regions were once the symbol of democratic progress. for a long time, the regions are prospering and all was well in spain, but that changed dramatically when the financial crisis hit. now, many regions are on the verge of bankruptcy. today, the number of spaniards who can afford it beac
. >> barkeepers in prague are protesting against the government ban. they can no longer sell expensive drinks to tourists -- only beer and wine. no one is happy. >> czechs are angry, really mad. drinking spirits is a national pastime. what do you expect. >> but over 20 people have died. the government had to do something. >> everybody suffers just because a couple of people made a mistake. one person sold a bad batch of spirits, and now 10 million people have to suffer....
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169
Sep 28, 2012
09/12
by
WBAL
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the government says it only does what the courts allow. >>> the producer of the anti-muslim film that infuriated muslims around the world has been arrested, not for the movie, but an alleged violation from a check fraud violation which could mean prison. >>> actor johnny lewis who appeared in the tv show sons of anarchy was found dead thursday in los angeles. he was suspected in the killing of an 81-year-old woman who may have been his landlord. lewis who once dated katy perry either fell or jumped off the roof. >>> nasa is taking a very close look at new photos from mars that show pebbles rounded off. scientists say it may be a sign that water once flowed on the red planet, possibly enough to fill a stream. >>> now here's an early look at how wall street's going to kick off the day. the dow closed at 13,485 after adding 72 points yesterday. the s&p gained 13. the nasdaq climbed 42. taking a look at overseas trading this morning, in tokyo the nikkei dropped 79 points but in hong kong the hang seng was up 78. >>> aggressive budget cutting from one of europe's troubled economies helped
the government says it only does what the courts allow. >>> the producer of the anti-muslim film that infuriated muslims around the world has been arrested, not for the movie, but an alleged violation from a check fraud violation which could mean prison. >>> actor johnny lewis who appeared in the tv show sons of anarchy was found dead thursday in los angeles. he was suspected in the killing of an 81-year-old woman who may have been his landlord. lewis who once dated katy perry...
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Sep 26, 2012
09/12
by
FOXNEWS
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eye 156
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that translates to some 600 billion in tax hikes and government spending cuts. due to take effect in the next year. >> i want to grow and invest in the community. i am holding things back because of the uncertainty. >> survey of the national association of neverrers and the independent business revealed 55% say federal regulation, tax, government spending and the cost of health insurance have hurt the economy and their businesses. >> small businesses are on the sidelines. not inclined to invest now until they see what is going to happen between now and the end of the year. >> experts say it's about risk and reward. business owners won't gamble their money when they don't know what the government might impose. >> if we don't maintain the current tax rate, what this means is we'll have to pull back. because it hurts our budget. that means start hiring. >> speaker boehner noted that the house passed a bill for sequestration and would like to extend tax cut for a year to allow time to work on comprehensive tax reform. before leaving washington, senate majority leade
that translates to some 600 billion in tax hikes and government spending cuts. due to take effect in the next year. >> i want to grow and invest in the community. i am holding things back because of the uncertainty. >> survey of the national association of neverrers and the independent business revealed 55% say federal regulation, tax, government spending and the cost of health insurance have hurt the economy and their businesses. >> small businesses are on the sidelines. not...
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87
Oct 2, 2012
10/12
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CNBC
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jpmorgan took over bear sterns at the behest of the government government, they didn't want to buy this bank. they only had a weekend to do whatever due diligence they should do so, why are you bringing this complaint against jpmorgan since he did what the government asked them to do? >> well, we started our investigation in the new york attorney general's office last spring and we were looking a at variety of institutions. the federal working group was founded by president obama in january and formed in months after that and started working with our federal colleagues who also had substantial information and pro-ed a lot of assistance in going after the misconduct at bear stearns, which quite frankly, was some of the most flagrant misconduct by any firm in the bundling and security z securitization of mortgage-backed securities. >> that took place before jpmorgan bought that. >> as the introduction said, when you buy a firm, you get the assets and you get the liabilities and we can't send a message that this kind of flagrant fraud, i mean, misrepresentations that they were monitoring t
jpmorgan took over bear sterns at the behest of the government government, they didn't want to buy this bank. they only had a weekend to do whatever due diligence they should do so, why are you bringing this complaint against jpmorgan since he did what the government asked them to do? >> well, we started our investigation in the new york attorney general's office last spring and we were looking a at variety of institutions. the federal working group was founded by president obama in...
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Sep 29, 2012
09/12
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CSPAN2
tv
eye 138
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obviously government will grow. if you shrink the budget the government will retract and that has implications to the budget. it's an ongoing debate always in america but if you think about what has been accomplished in the last year everyone knows we have to solve the problem. how to solve what has resulted in an impasse and, but the fact that everybody agrees it needs to be solved is really the most important thing. >> but it seems to me that it's a math problem and as you said, if you have got you know slow but stable growth for an extended period of time here than ultimately the raponos have to go up and expenditures have to go down. neither of which is particularly healthy in terms of economic growth. if you have taxes going up in the united states and expenditures going down ultimately that has to happen if you are going to solve that math problem in a slow growth while. >> at the same in europe and the same everywhere. we all grew up with spending more money. we only have to do two things, spend more money to
obviously government will grow. if you shrink the budget the government will retract and that has implications to the budget. it's an ongoing debate always in america but if you think about what has been accomplished in the last year everyone knows we have to solve the problem. how to solve what has resulted in an impasse and, but the fact that everybody agrees it needs to be solved is really the most important thing. >> but it seems to me that it's a math problem and as you said, if you...
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Sep 27, 2012
09/12
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WJLA
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china may announce stimulus measures to boost their economy while spain was a government is expected to present their budget for the next year. -- spain's government will present their budget for the next year. on top of jobs, on top of kohl's hiring push, they have created 1500 jobs in 10 states. two new stores will open in the washington area. the burden of student loan debt is getting worse. when you factor in tuition costs and raise borrowing limits, nearly one in five households have student loan debt in 2010. that is more than twice the level compared to 1989. this is according to a report from the pure research center that shows the average that was more than $27,000. more starbucks fans are looking to brew their lattes at home. that is coming up in the hour. >> 4:30 a right now and 56 degrees. >> still to come, bad news >> there has been a decision on pepco's request for a rate increase. if they had approve the entire amount, the typical customer would have to pay $5.20 more each month. instead they will pay about $2.60 more. the rate increase set to take place next month. >>
china may announce stimulus measures to boost their economy while spain was a government is expected to present their budget for the next year. -- spain's government will present their budget for the next year. on top of jobs, on top of kohl's hiring push, they have created 1500 jobs in 10 states. two new stores will open in the washington area. the burden of student loan debt is getting worse. when you factor in tuition costs and raise borrowing limits, nearly one in five households have...
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Sep 28, 2012
09/12
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CSPAN
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a good friend of mine works for government. her husband works for government. they bring in about $250,000. they have three kids. after they pay for food and kids and gas, there is nothing left over. they are living pretty much close to paycheck to paycheck. do not get me wrong. i am not saying $250,000 is not a lot of money. because it is. it doesn't add up. it is those people who are going to pull back and they are going to say, "i did not have the extra wiggle room to buy a new car." to buy a washing machine. all the things to keep the economy chugging along. the taxation debate is real. this is one of the big things that is dividing the country. host: bill in massachusetts. hi, bill. caller: good morning. maria, young lady. i can remember when you used to do news cut-ins at all hours of the morning. , with frontguy brake jobs in the parking lot -- you would have done brake jobs in the parking lot. i would like to talk about the national debt and the dumbing down of america. i don't think the american people can grasp what $1 trillion is or maybe $1 million.
a good friend of mine works for government. her husband works for government. they bring in about $250,000. they have three kids. after they pay for food and kids and gas, there is nothing left over. they are living pretty much close to paycheck to paycheck. do not get me wrong. i am not saying $250,000 is not a lot of money. because it is. it doesn't add up. it is those people who are going to pull back and they are going to say, "i did not have the extra wiggle room to buy a new...
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Sep 25, 2012
09/12
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KPIX
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. >> have recent events in the middle east given you any pause about your support for the governments that have come to power following the arab spring? >> i was pretty certain and continue to be pretty certain that there are going to be bumps in the road. >> reporter: mitt romney jumped on that comment and said that 20,000 deaths in syria, the american ambassador in libya being killed and the election of a muslim brotherhood member to be the egyptian president are not what he would call bumps in the road. >> we're seeing ourselves at the mercy of events rather than shaping events and we need an administration that is up to shaping events in the middle east and not seeing them as bumps in the road. >> reporter: the white house called romney's attacks desperate and offensive. >> susan mcginnis reporting for us this morning. >>> overseas, the taliban released a video it claims shows taliban fighters preparing for an attack. two american marines died in the fight to repel the attackers. bob orr has our report. >> reporter: the seven-minute video released by the taliban purports to show t
. >> have recent events in the middle east given you any pause about your support for the governments that have come to power following the arab spring? >> i was pretty certain and continue to be pretty certain that there are going to be bumps in the road. >> reporter: mitt romney jumped on that comment and said that 20,000 deaths in syria, the american ambassador in libya being killed and the election of a muslim brotherhood member to be the egyptian president are not what he...
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Sep 30, 2012
09/12
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WJLA
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who are pendent upon government, who believe that they are victims, who believe that government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it... and they will vote for this president no matter what... anand so my job is not to wory about those people. i'll never convince them they should take personal responsibility and care for their lives. >> live and in hd, this is an abc 7 news update. >> good morning. know thews, we now of the two people who died yesterday's plane crash. on a8-year old was working plane and the hit a tree, and crashed. he and his passenger died at the scene. beautiful start to his son out there. only 50peratures, degrees. light winds. some showers north of the mason-dixon line. few scattered showers. part, a beautiful summer. >> thank you. thanks for watching. now back to ♪ it's not about the money, money, money ♪ >>> those are random shoppers being given some really good news. "good morning america" helped them find hundreds, even thousands of dollars, of unclaimed money that the
who are pendent upon government, who believe that they are victims, who believe that government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it... and they will vote for this president no matter what... anand so my job is not to wory about those people. i'll never convince them they should take personal responsibility and care for their lives. >> live and in hd, this is an abc 7 news update. >> good...
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Sep 30, 2012
09/12
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WMAR
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. >>> and in spain, protests over government austerity measures turned violent again saturday night. at least one person was injured in those incidents. this was the third time this week that protesters and police have clashed in spain. >>> we all know the old saying, the show must go on. justin bieber's new concert tour got off to a pretty rough start in arizona last night. the singer threw up, on stage, check it out, right there. video evidence. ran off. only to rush off again. that didn't stop him from going on, he kept performing. >> i want to saw thank you for making me feel so comfortable. it's not really a great feeling when you're throwing up in front of a bunch of people. >> the trouper that he is, justin bieber went on to finish the nearly two-hour concert. dan? >> and we admire your ability to do such a smooth newscast when you have all that high-priced caffeine coursing through your veins. >> it's pretty good. >>> t-minus three days to what could be a pivotal point in the race for president. both president obama and mitt romney have both stopped campaigning this weekend.
. >>> and in spain, protests over government austerity measures turned violent again saturday night. at least one person was injured in those incidents. this was the third time this week that protesters and police have clashed in spain. >>> we all know the old saying, the show must go on. justin bieber's new concert tour got off to a pretty rough start in arizona last night. the singer threw up, on stage, check it out, right there. video evidence. ran off. only to rush off...
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federal government came back in '83 and capped the cost increases. that's when we saw the balloon squeeze out to the private sector. what today is unaffordable level. in fact encouraged the 30 million, 35 million people who needed insurance not to be able to buy it. this new program will bring in 20 million people by the year 2020 one but we're also putting hospitals under the gun by penalizing them for not delivering great outcomes or out comes we think we want the truth of the matter the hospitals had no responsibility for care of patients after they're discharged. really this is about not only value, it is about transparent pricing and norm sallization of a -- normalization of a market. we don't know how to value the same procedures across states because the prices are different starting with costs. lauren: we don't know anything? david: no, not in terms of pricing in medicine and the government doesn't seem to be making it any easier. john, you have your hands full, sir. thank you for coming in. >> thank you so much. david: we're hours away from
federal government came back in '83 and capped the cost increases. that's when we saw the balloon squeeze out to the private sector. what today is unaffordable level. in fact encouraged the 30 million, 35 million people who needed insurance not to be able to buy it. this new program will bring in 20 million people by the year 2020 one but we're also putting hospitals under the gun by penalizing them for not delivering great outcomes or out comes we think we want the truth of the matter the...
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Oct 3, 2012
10/12
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CNBC
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the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too pessimistic. we're in the middle zone. 162,000, it might be better than they were expecting. currently on jobses we've averaged a smidgen for the third quarter. i guess in the end the numbers give me confidence because it is a bigger part of the economy. but none of this is to write home about on the recession side. >> my perspective is i'm afraid we're falling off a cliff. the ism numbers don't tell us that. it shows that we're in a modest area and recession is not around the corner. but let's say your test is putting millions back to wo
the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too...
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Oct 2, 2012
10/12
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MSNBC
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and what about the afghan government? it's meaningless here, they say. you think it's possible that the taliban will try and come back? "yes, they will," he says. "it it makes a decades worth of american battles seem futile. it wasn't always like this. >> the united states military has begun strikes. >> reporter: at first -- >> one, two, three! >> reporter: -- the war had momentum. and a clear purpose. al qaeda with bases in afghanistan attacked the united states on 9/11. just three months later, the u.s. drove the taliban from power. al qaeda and osama bin laden were on the run. it was done with a few hundred cia officers, special forces and air power. a quick victory but not decisive. and then came the distraction of a new war in iraq. the taliban regrouped, and the u.s. began a nation-building project that has been far less successful. the government washington helped put in place is widely considered corrupt. president karzai is supposed to be out by 2015. but afghans don't believe it. the war has brought some benefits to afghans. 3 million girls now
and what about the afghan government? it's meaningless here, they say. you think it's possible that the taliban will try and come back? "yes, they will," he says. "it it makes a decades worth of american battles seem futile. it wasn't always like this. >> the united states military has begun strikes. >> reporter: at first -- >> one, two, three! >> reporter: -- the war had momentum. and a clear purpose. al qaeda with bases in afghanistan attacked the united...
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Oct 1, 2012
10/12
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KPIX
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it will focus on domestic,such as the economy, health care, and governing. so we've assembled a panel of distinguish americans, i would say, to talk about the state of country and where they think america is today. mark zandi is with the moody analytics. he has a new book out called, "paying the price, ending the great recession and building a new american century." michelle rhee is the head of students first, an organization that hopes to reform public education. she, of course, is the former head ofure d.c. schools. former speaker newt gingrich is rejoining us. he does not have a new book out, but his wife calista, does have a new book out, a children's book that will be coming out tomorrow. bob woodward, an associate editor of the "washington post" is the author of "the price of politics" he's written more books than this entire table combined. well, maybe not when you put newt gingrich in there. and pulitzer prize-winning author hendrick smith who has a new book called, "who stole the american dream?" all you people are here to sell books. that's pretty
it will focus on domestic,such as the economy, health care, and governing. so we've assembled a panel of distinguish americans, i would say, to talk about the state of country and where they think america is today. mark zandi is with the moody analytics. he has a new book out called, "paying the price, ending the great recession and building a new american century." michelle rhee is the head of students first, an organization that hopes to reform public education. she, of course, is...
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Sep 27, 2012
09/12
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KTVU
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it's expected that the budget will include more government austerity measures. toyota is pushing back sales targets because of the eurozone debt crisis. the japanse automaker is lowering its car sales goal of 1 million down to 822,000 for the year in europe. however, toyota st paris motorss just getting under way. overall car sales in europe are expected to drop 5% this year. the nation's most-watched sport is turning into the most- watched debate. the call that ruled in favor of the seattle seahawks against the green bay packers on monday is still causing outrage. players, fans and critics are pressuring the nfl to bring back referees. the referees' association has been on lockout since the nfl season kicked off. according to the washington post, refs are being offered a 7% pay increase. however, the nfl wants to shift the group's retirement plans from a pension plan to a 401k. the group wants to stick with a traditional pension plan. so far, ratings have not been impacted by the fill-in referees. some predict that until the nfl starts to see an impact on its b
it's expected that the budget will include more government austerity measures. toyota is pushing back sales targets because of the eurozone debt crisis. the japanse automaker is lowering its car sales goal of 1 million down to 822,000 for the year in europe. however, toyota st paris motorss just getting under way. overall car sales in europe are expected to drop 5% this year. the nation's most-watched sport is turning into the most- watched debate. the call that ruled in favor of the seattle...
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Oct 3, 2012
10/12
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CNBC
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what did governments do when the financial crisis happened? they took measures to bring stability back to the financial market. and we see, because of our responsibility, a future crisis in the oil market. should we not take preemptive measures to prevent it? and i think the answer is, yes, we should. it's incumbent on us not to see the oil market destroyed. [ticking] >> coming up, an unprecedented look inside saudi aramco, the largest oil company in the world. >> this is the nerve center. every facility in the kingdom, every drop of oil that comes from the ground is monitored in real time... >> in this room? >> in this room. >> that's ahead when 60 minutes on cnbc returns. [ticking] there are a lot of warning lights and sounds vying for your attention. so we invented a warning you can feel. introducing the all-new cadillac xts. available with a patented safety alert seat. when there's danger you might not see, you're warned by a pulse in the seat. it's technology you won't find in a mercedes e-class. the all-new cadillac xts has arrived, and
what did governments do when the financial crisis happened? they took measures to bring stability back to the financial market. and we see, because of our responsibility, a future crisis in the oil market. should we not take preemptive measures to prevent it? and i think the answer is, yes, we should. it's incumbent on us not to see the oil market destroyed. [ticking] >> coming up, an unprecedented look inside saudi aramco, the largest oil company in the world. >> this is the nerve...
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to what the government if you're out would be run by the. as julian assange just freedom hangs in the balance of the us is branding both him and his whistle blowing web site as enemies of the state next hour we talk to regularly spokesman kristen happen since who says such government tactics are threaten the very foundation of journalism here's a quick taste of what's to come. this is an indication of missing human documents that have surfaced and were were produced yesterday that show that but communicating with weakening some providing weakens with information in considered is considered communicating with the enemy which is aiding the enemy. we can use the enemy. and what is we can use it's a platform for whistle blower to get information out to the public we are doing what any media organization should be doing we are doing journalism and the implication is that journalism getting the truth of the. considerate. of the enemy. time to get some other news in brief now fresh rallies erupted in pakistan sovereign city of karachi as some of th
to what the government if you're out would be run by the. as julian assange just freedom hangs in the balance of the us is branding both him and his whistle blowing web site as enemies of the state next hour we talk to regularly spokesman kristen happen since who says such government tactics are threaten the very foundation of journalism here's a quick taste of what's to come. this is an indication of missing human documents that have surfaced and were were produced yesterday that show that but...
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merely a sion of the government and now they're trying to change the law so the government often a party in these matters would decide if a case should be heard in secret it wouldn't just be kept from the public if the proposals go ahead neither the defendant nor the defendants legal team would be able to hear the evidence against them human rights lawyers are concerned it would trample on the principle of a fair trial in effect a large chunk and presumably a very important chunk of the case you're trying to run about half your client you're going to be. there we're going to behind closed doors closed sessions you are not allowed access to so if there is an inherent on furnace. and there is a huge scope for. future miscarriages of justice evidence m i five and m i six knew that britons were being tortured in guantanamo and my six helping to deliver libyan dissidents into the hands of gadhafi secret police critics say that's the kind of information the bill is designed to suppress so begg who was held here alleges tortured in fact graham and guantanamo has a special interest in making sur
merely a sion of the government and now they're trying to change the law so the government often a party in these matters would decide if a case should be heard in secret it wouldn't just be kept from the public if the proposals go ahead neither the defendant nor the defendants legal team would be able to hear the evidence against them human rights lawyers are concerned it would trample on the principle of a fair trial in effect a large chunk and presumably a very important chunk of the case...
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Sep 28, 2012
09/12
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KRCB
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. >> i know the government of the united states is quietly talking japan and china. we have failed our growing relationship with china. >> amitage view reflects growing concern among american officials. the u.s. government remain a neutral stance. because japan controls the territory japan u.s. security treaty extends to the islands. chinese vessels have been navigating the waters around the island. japan coast guard crews have been keeping an eye on them. obviousers fear an absence of dialogue and the crisis mechanism could lead to unintended consequences which could mean the united states would not be able to stay neutral. >> japan and china are said to mark 40 years. organizers have cancelled a number of events. government officials celebrated the friendship year for japan china people to people exchanges. as of thursday 29 events in both countries have been cancelled or postponed. japan airlines reports that about 12,000 seats for its group tour bookings have been cancelled. some car dealerships in china have scrapped their plans to display japanese vehicles at a
. >> i know the government of the united states is quietly talking japan and china. we have failed our growing relationship with china. >> amitage view reflects growing concern among american officials. the u.s. government remain a neutral stance. because japan controls the territory japan u.s. security treaty extends to the islands. chinese vessels have been navigating the waters around the island. japan coast guard crews have been keeping an eye on them. obviousers fear an absence...
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Sep 30, 2012
09/12
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KRCB
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they only see government working on civilian protection. there is no impartiality. >> the perception is they're neutral to the organizations. >> regardless of their faith? >> regardless of their faith. i think the number is a mixture of hindus, christians and muslims. >> the group is now based in belgium but was started in minneapolis, co-founder mel duncan says his earliest inkling that the concept might work came in the '80s. he was living in nicaragua where he went as a peace activist during the civil war there. >> what we found over a seven-year period is none of those villages were attacked when there was an international presence. this was in a period of a war where 50,000 people were being killed. >> refining and putting the idea into practice took years of studying similar attempts, he says, including an ill-fated one during bosnibosnia's civil war. >> in the mid-'90s there was an effort in sarajevo where people from europe re recruited and many not trained and came into a situation where they, in fact, drew artillery into the areas
they only see government working on civilian protection. there is no impartiality. >> the perception is they're neutral to the organizations. >> regardless of their faith? >> regardless of their faith. i think the number is a mixture of hindus, christians and muslims. >> the group is now based in belgium but was started in minneapolis, co-founder mel duncan says his earliest inkling that the concept might work came in the '80s. he was living in nicaragua where he went as...
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Oct 2, 2012
10/12
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CNBC
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that makes sense, good at growing government and good at being part of government but i don't know -- >> the right person in that office could do wonders for this country. >> it should be about jobs. it shouldn't be about taxes. it should be about jobs, jobs, jobs. donald trump, thank you. >> so long, so long, sam. >> bye-bye now. >>> coming up next, bill ackman's big investing idea the activist fund manager joining to us discuss where he's putting his money to work plus why he's putting pressure on p&g to get rid of the company's ceo, that interview coming up after the break. [ male announcer ] for the saver, and a big first step. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at
that makes sense, good at growing government and good at being part of government but i don't know -- >> the right person in that office could do wonders for this country. >> it should be about jobs. it shouldn't be about taxes. it should be about jobs, jobs, jobs. donald trump, thank you. >> so long, so long, sam. >> bye-bye now. >>> coming up next, bill ackman's big investing idea the activist fund manager joining to us discuss where he's putting his money to...
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to be lenient as well as other western governments have said that they need to find a punishment that is more fitting to the crime of what they say is more fitting to the crime there's also been many copycat incidents around russia as well as in other countries as well in ukraine one woman took a chainsaw to a crucifix and destroyed it in a cologne germany and. seadrill there are three people got up in the middle of the service and had a protest there they were arrested their trial starts this week as well also brought in russia this country is very divided about the subject as seen here today this country is a very religious country and many people were offended by what happened in the country's main church even saying that some of pussy riot earlier antics were very offensive as well now prime minister medvedev has said that he doesn't see any reason for this group to spend any more time in jail that the time that they have served is already punishment enough for the crime but president putin has said that he is completely staying out of this he does not want to interfere at all now
to be lenient as well as other western governments have said that they need to find a punishment that is more fitting to the crime of what they say is more fitting to the crime there's also been many copycat incidents around russia as well as in other countries as well in ukraine one woman took a chainsaw to a crucifix and destroyed it in a cologne germany and. seadrill there are three people got up in the middle of the service and had a protest there they were arrested their trial starts this...
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Sep 30, 2012
09/12
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CSPAN2
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henry david thoreau said the government that governs is the best. the least government you can have is no government, so i have that kind of what may be called by some utopian view. most libertarians i know if they were in power and they were able to establish the minimum government that they want to put into power, i would hang up my anarchist credentials, i'd go in my backyard, and i would grow tomatoes for the rest of the year. i'd love that. so i don't have much of an argument with most libertarians. i'd love to see their government. in -- if they saw me, they wouldn't see me again. >> host: wendy mcelroy, in the back of this book is an invitation. what is this? >> guest: it's something i'm very excited about. um, if you go to the site lfb.org joined wendy mcelroy, you'll find a community of people. it's a fledgling community with people like me and jeb tucker. we're trying to find out how to live liberty. we are tired, as i said, about being depressed. we're tired about looking at the state and railing and raising our fists and saying pick a go
henry david thoreau said the government that governs is the best. the least government you can have is no government, so i have that kind of what may be called by some utopian view. most libertarians i know if they were in power and they were able to establish the minimum government that they want to put into power, i would hang up my anarchist credentials, i'd go in my backyard, and i would grow tomatoes for the rest of the year. i'd love that. so i don't have much of an argument with most...
SFGTV2: San Francisco Government Television
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Oct 1, 2012
10/12
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SFGTV2
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, the state governmentç, the local government, theç tribes. you also have to work with the nonprofits, red cross, salvation army, many more. you have to bring in the faith- based community. it is huge what they are able to doç on a daily basis with a sml emergency. it may be in somebody's home unfortunately caught on fire. it is a disaster to them. ççwho is thereç during the dr for that family? it is the city. it is the red cross. the salvation army, the local church, synagogue,ç mosqueç, whatever. the faith based community is there to help the mountçç -- o help them out. when things are little bigger, who else is there? neighbors helping neighbors. ças it gets a little bigger, or even if it is a small house fire, in the neighborhoods of this city and neighborhoods across the country, if something çhappens, there is usually a local business that knows the family and been dealing with for a while and says that will help them out in some way or another. i remember last year i was traveling in the floods of north dakota. there
, the state governmentç, the local government, theç tribes. you also have to work with the nonprofits, red cross, salvation army, many more. you have to bring in the faith- based community. it is huge what they are able to doç on a daily basis with a sml emergency. it may be in somebody's home unfortunately caught on fire. it is a disaster to them. ççwho is thereç during the dr for that family? it is the city. it is the red cross. the salvation army, the local church, synagogue,ç...
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looking at pictures from the first major general strike and protest in greece since its new coalition government was formed this was reportedly organized by civil service and other public sector unions over fresh wage and pension cuts higher fuel taxes and planned job cuts for public workers there was some tear gas some arrests what we've really come to expect now. in spain as i was say you're looking at pictures now protests against what's tapped publicly popularly as austerity this is outside barricaded parliament in madrid walls banished government bond yields i should mention above six per cent so all of these demonstrations of dissent belie politicians solutions for the eurozone crisis which hinge on integration and more issues lend evidence to a mood of disintegration let me give you another example immigration not just the human capital flight out of say greece into another girl's own country with more opportunity for jobs i'm talking about immigration into the euro zone from other countries and continents facing conflicts of their own be the civil war or arab spring uprisings and greece
looking at pictures from the first major general strike and protest in greece since its new coalition government was formed this was reportedly organized by civil service and other public sector unions over fresh wage and pension cuts higher fuel taxes and planned job cuts for public workers there was some tear gas some arrests what we've really come to expect now. in spain as i was say you're looking at pictures now protests against what's tapped publicly popularly as austerity this is outside...
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last ten years were meant to create growth meant to create jobs in some form or another so somehow governments are going to miraculously do that i don't think so i think we need to step back i think with one thing we have to do is probably fix the banking system which probably means huge write downs existing shareholders take a beating and start making the people who got in this trouble the banks and particular bear more of the pain and have less of it go out of the people certainly in the short term peter if i can say to you so you're saying there should be financial reform banking reform thinking about people ok not just about those institutions because that's what it's been so far. right i think you know there's been this huge denial that the problems at the banks and then every time we get these brief moments where the markets are good they pull back from recapitalizing the banks they really just have to go through recapitalize the banks for some of the weakest ones out it will cause huge losses for shareholders it will cause some people you know at high levels their jobs but i think that'
last ten years were meant to create growth meant to create jobs in some form or another so somehow governments are going to miraculously do that i don't think so i think we need to step back i think with one thing we have to do is probably fix the banking system which probably means huge write downs existing shareholders take a beating and start making the people who got in this trouble the banks and particular bear more of the pain and have less of it go out of the people certainly in the...
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Sep 25, 2012
09/12
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it's giving the federal government an opportunity to get its house in order. very much like the integration of euro countries back in the last decade where -- >> it's josh. i'm just curious. first of all, i admire your conviction, 35% cash in the midst of a market meltup. i guess john talks about how he wants his investors to judge him over a full market cycle, understanding the fact he will trail in certain types of market environments. how do you feel about that? are you willing to forego-g a rally of this strength and breadth to ultimately be right and skate where the puck is, where you think it's going to be in 2013? >> absolutely. i've done it throughout my entire career. it's something i addressed in the commentary about that our clients and managers will be tested during this period of time. we are coming into the most critical year, i believe, in the last 80 years in 2013. and it's something i've spoken about -- >> that's a big, big statement. mike murphy? >> rob, i was in the same camp coming into qe3. i was hoping that the fed didn't do anything. i t
it's giving the federal government an opportunity to get its house in order. very much like the integration of euro countries back in the last decade where -- >> it's josh. i'm just curious. first of all, i admire your conviction, 35% cash in the midst of a market meltup. i guess john talks about how he wants his investors to judge him over a full market cycle, understanding the fact he will trail in certain types of market environments. how do you feel about that? are you willing to...